08/04/2008
Social networks are still having trouble coming up with
compelling ad models. EMarketer predicts ad
spending on those networks will be just $2.6 billion by
2012, about 5%
of the overall market. MySpace and Facebook
collectively command 72% of social network ad spending.
source:
http://paulgillin.com/
Our Answer:
The 5% of 2.6 billion in predicted online ad
spending, will continue to include very little local
advertising spending because large communities are
irrelevant for local advertisers. While MySpace and
Facebook might be in control of the big advertiser
dollars, the small advertiser dollars spent in every
region of the nation is a new market and we can take it.
08/04/2008
It was inevitable that Facebook growth would slow
and critics would turn out to
start
talking about all that's wrong with the social
network. This CNet blog points to a
developer's observation that fewer people are
developing Facebook apps than a year ago and
extrapolates that Facebook may be in crisis.
What's
really happening is that the market is becoming more
mature and competitive.
Our Answer:
Novelty comes and goes like the wind. Value
stands the test of time. The youth market was the
catalyst to grow this industry so novelty was the
attraction. Those youth grow up, and more mature
users are entering the social media space
looking for value, and real value in human lives is
predominantly local. We're in a position to give it
to them.
05/17/2008 MySpace
Suicide Mom Indicted (tragic)
02/13/2008 NY Lawmakers Propose Bill To Make Social
Networks Safer
01/14/2008 NYC Prosecutors Endorse Ban On Sex Predators
05/17/2007 Facebook Subpoenaed Over Sex Offenders
10/04/2007 MySpace To Send Sex Offender Info To Cops
02/03/2006 29,000 Sex Offenders Found On MySpace
....there's lots more.
Our Answer:
You must be at least 18 years old to join our
communities. Let those other sites deal with those
problems. Small communities are less
attractive to bad people. Small
communities are easier to monitor. We can easily
introduce address and identity verification
as part of our member rewards program which
could include a card.